3-bedroom house · CO4 5UZ
Listing removedListed 116 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A modern three bedroom house located just off Turner Road, on the northern side of Colchester.
It is a short walk downhill to Colchester's mainline railway station, and about 10 minutes walk to Colchester General Hospital. Fully furnished throughout.
There are three double bedrooms which all include a double bed, fitted wardrobe, chest of drawers and bedside cabinets. The main bathroom has a shower over the bath, a basin and WC.
The ensuite bathroom has a shower, basin and WC.
There is a fairly new combi boiler ensuring good, hot showers every time and central heating The kitchen is fully fitted and equipped with an electric double oven, gas hob, large fridge freezer and a washer/dryer.
The living room has three sofas, a table and a fireplace. The separate dining room has a dining table and chairs.
The dining room leads onto a moderate sized garden, mostly laid to lawn, with a large shed. The property includes off road parking for two cars. Energy Performance Rating band C.
Council tax band D (currently £2241 annually, approx £187 per month). The rent is £1740.00 per calendar month, payable in advance. This does not include any bills.
Security deposit is £2000.00, held for the duration of the tenancy. Holding deposit of £100.00 is requested to reserve the property whilst the application is processed.
If successful, this is credited towards the security deposit.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 9, Cranborne Close, Colchester
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